Transcript

00:00:00

>> In Estonia, you can do everything online currently, except for buying and selling real estate and getting married, but we're also working on digitalizing those. It only has a population of 1.3 million people but Estonia's government is working toward what it thinks is the digital utopia of the future.

00:00:21

Every citizen there already has a single electronic ID card like your driver's license. With all the data embedded on it to do almost everything you ever need online, and these folk are the ones steering that ship.>> Thanks to the possibility to design documents digitally, we save 2% of GDP every year.

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>> That's the same amount as its defense budget as a NATO member.>> You can establish a company within a few minutes, you can do your tax declaration within three minutes and so on. People say that we have a quite a lot of>> By the end of this year when a new Estonian is born then basically in 10, 15 minutes both of the parents will receive an email, congratulations for the boy or the girl.

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From now on, you will receive this much money from the government on that particular date. And don't worry about kindergarten, everything has been taken care of.>> It's all based on blockchain, meaning a record is kept of every entity who accesses the data, and citizens can see who did it and why.

00:01:23

>> The information is stored only where the information is generated in, this means that there are no copies of your profile.>> The idea here is to cut out the red tape that most countries and most people would otherwise have to deal with.>> This means when somebody hacks into, I don't know, a traffic registry for example, they only know that this particular member has this particular car.

00:01:46

This is not practical for them, so a deterrent not to hack into the system as well. For me it's very ironic if people say that they don't trust the government. Because usually people give all of their private data and much more private data away to Facebook, Google, and everybody else.